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The Social Security Shortfall and Trump’s Big Military Budget

Article Dean Baker’s Beat the Press

The Social Security Shortfall and Trump’s Big Military Budget

The projected Social Security shortfall reflects decades of upward income redistribution and is significantly smaller than the military spending increase proposed by the Trump administration.

By Dean Baker

A military helicopter with camouflage paint rests on the runway under a cloudy sky. The rotors are slightly blurred, indicating recent motion.
Lesson from the Iran War #42,765: Making Enemies Makes Us Poorer

Article Dean Baker’s Beat the Press

Lesson from the Iran War #42,765: Making Enemies Makes Us Poorer

The war with Iran is not only a humanitarian crisis but a costly economic shock, raising prices, straining global supplies, and locking the US into higher military spending for years.

By Dean Baker

Military aircraft carrier with planes ready on deck. The sun sets behind, casting reflections on the water. https://unsplash.com/photos/gray-warship-on-body-of-water-BQgAYwERXhs?utm_source=unsplash&utm_medium=referral&utm_content=creditShareLink
$200 Billion: The Costs of the Iran War

Article Expose the Heist: Power and Policy in Unprecedented Times

$200 Billion: The Costs of the Iran War

The Trump administration reportedly wants $200 billion for its war on Iran. Over the past year, they have cut spending — mostly on health care and food assistance — equal to that amount.

By Peter Hart

A military jet with a US Air Force emblem rests on a runway. The aircraft is secured with chains. The sky is clear, creating a calm atmosphere.
$200 Billion for Trump’s Iran “Excursion” Is Real Money

Article Dean Baker’s Beat the Press

$200 Billion for Trump’s Iran “Excursion” Is Real Money

Trump’s proposed $200 billion for war in Iran represents a significant share of the federal budget, far exceeding commonly debated spending items and highlighting how misleading raw dollar figures can be without context.

By Dean Baker